Crown Acquires Five Asset Small Bay Industrial Portfolio in Ottawa East
TORONTO, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Crown Realty Partners (“Crown”) is pleased to announce the acquisition of a portfolio of industrial assets in Ottawa on behalf of its fifth value add fund, CR V LP.
- TORONTO, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Crown Realty Partners (“Crown”) is pleased to announce the acquisition of a portfolio of industrial assets in Ottawa on behalf of its fifth value add fund, CR V LP.
- The portfolio includes five buildings, located at 2660 -2710 Lancaster Road, 2750-2772 Lancaster Road and 1117-1141 Newmarket Street, Ottawa, ON.
- The three buildings located on Lancaster Road are acquired in partnership with Ripple Developments (“Ripple”), a developer that specializes in small bay industrial properties.
- Crown has repositioned over 20 small bay industrial/ flex office buildings on behalf of prior funds.